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19-Unit Value-Add Multifamily - Inman Park 478 N Highland Ave NE 19 Unit Apartment Building $4,180,000 ($220,000/Unit) 6% Cap Rate Atlanta, GA 30307
INVESTMENT HIGHLIGHTS
- Prime location in the highly sought after Inman Park neighborhood of intown Atlanta
- Walking distance to downtown Inman Park, with easy access to the Eastside Atlanta Beltline Trail
- Value-add opportunity to renovate units and increase rents (6 units have been recently upgraded, 13 units are in "classic" condition)
- Across the street from several popular restaurants/bars including Folk Art, Wisteria, The North Highland Pub and Amore e Amore
- PATH trail access directly behind the property. Newer roofs (±5 years). Off street parking. Onsite laundry.
- Mix of 2 bed/1.5 bath, 2 bed/1 bath and 1 bed/1 bath units. Fenced dog-run area. Attractive assumable debt.
EXECUTIVE SUMMARY
• Prime location in the highly sought after Inman Park neighborhood of intown Atlanta
• Across the street from several popular restaurants/bars including Folk Art, Wisteria, The North Highland Pub and Amore e Amore
• Walking distance to downtown Inman Park, with easy access to the Eastside Atlanta Beltline Trail
• PATH trail access directly behind the property
• Value-add opportunity to renovate units and increase rents (6 units have been recently upgraded, 13 units are in "classic" condition)
• Mix of 2 bed/1.5 bath, 2 bed/1 bath and 1 bed/1 bath units
• Newer roofs (±5 years)
• Off street parking
• Onsite laundry
• Fenced dog-run area
• Attractive assumable debt
For financials, please complete the online confidentiality agreement found here: https://www.bullrealty.com/properties/sale/1294011?propertyId=1294011-sale
• Across the street from several popular restaurants/bars including Folk Art, Wisteria, The North Highland Pub and Amore e Amore
• Walking distance to downtown Inman Park, with easy access to the Eastside Atlanta Beltline Trail
• PATH trail access directly behind the property
• Value-add opportunity to renovate units and increase rents (6 units have been recently upgraded, 13 units are in "classic" condition)
• Mix of 2 bed/1.5 bath, 2 bed/1 bath and 1 bed/1 bath units
• Newer roofs (±5 years)
• Off street parking
• Onsite laundry
• Fenced dog-run area
• Attractive assumable debt
For financials, please complete the online confidentiality agreement found here: https://www.bullrealty.com/properties/sale/1294011?propertyId=1294011-sale
PROPERTY FACTS
| Price | $4,180,000 | Building Class | C |
| Price Per Unit | $220,000 | Lot Size | 0.78 AC |
| Sale Type | Investment | Building Size | 13,302 SF |
| Cap Rate | 6% | Average Occupancy | 100% |
| No. Units | 19 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1955 |
| Property Subtype | Apartment | Parking Ratio | 1.11/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | RG2, Atlanta | ||
| Price | $4,180,000 |
| Price Per Unit | $220,000 |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.78 AC |
| Building Size | 13,302 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1955 |
| Parking Ratio | 1.11/1,000 SF |
| Zoning | RG2, Atlanta |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
SITE AMENITIES
- Laundry Facilities
- Pet Play Area
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | 450 - 550 |
| 2+1 | 5 | - | 750 |
| 2+1.5 | 10 | - | 700 |
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Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (74)
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19-Unit Value-Add Multifamily - Inman Park | 478 N Highland Ave NE
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